Salesforce Inc. $CRM Shares Purchased by Beaumont Asset Management L.L.C.

Beaumont Asset Management L.L.C. boosted its position in Salesforce Inc. (NYSE:CRM) by 1.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,727 shares of the CRM provider’s stock after purchasing an additional 85 shares during the period. Salesforce makes up about 1.1% of Beaumont Asset Management L.L.C.’s holdings, making the stock its 20th largest holding. Beaumont Asset Management L.L.C.’s holdings in Salesforce were worth $2,107,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. grew its holdings in Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC purchased a new stake in Salesforce in the 1st quarter valued at about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Salesforce by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after buying an additional 295,681 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $252.42, for a total value of $567,945.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,006,718,751.82. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 78,750 shares of company stock worth $19,679,535. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on CRM shares. JPMorgan Chase & Co. lowered their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Sanford C. Bernstein lowered their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Stifel Nicolaus reduced their price objective on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Finally, BMO Capital Markets reduced their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Performance

Salesforce stock opened at $240.23 on Thursday. The stock’s 50 day moving average price is $245.13 and its 200 day moving average price is $259.53. The firm has a market capitalization of $228.70 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.56 EPS. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Salesforce Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.